On-chain data shows Hayes not only sold ETH but also withdrew $2.52 million from exchanges, moving it into DeFi assets. This is not a sudden trade but a deliberate two-week repositioning. His move increases ETH selling pressure while signaling a strategic tilt toward undervalued DeFi opportunities.

DeFi Portfolio Highlights

PENDLE dominates Hayes’ DeFi holdings, making up nearly 49% of the allocation at $1.75 million. LDO and ENA holdings are valued around $1.3 million and $1.24 million, respectively, while ETHFI is a smaller but strategic component at $343k. This allocation shows a concentrated confidence in certain DeFi projects rather than a broad diversification.

Liquidity Over Price Drops

Despite recent declines in PENDLE, LDO, and ETHFI, Hayes focuses on macro liquidity trends rather than short-term price movements. He expects fiat liquidity improvements to disproportionately benefit DeFi tokens over large-cap layer-one assets like Ethereum, challenging traditional market assumptions.

ETH Pressure Mounts

Hayes’ repeated ETH sales, including previous moves to Binance, reinforce the ongoing selling pressure. While Ethereum remains foundational, high-profile exits like Hayes’ increase negative sentiment and highlight a growing preference for DeFi tokens.

Arthur Hayes’ DeFi bet signals a shift in market focus. ETH remains under pressure, while DeFi tokens could see underappreciated gains as liquidity flows in. The outcome remains uncertain, but this strategic reallocation offers a strong market signal.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Arthur Hayes Dumps ETH: Which DeFi Tokens Did He Buy? appeared first on Coin Engineer.

The aftermath? A dramatic wave of long position liquidations, steep price drops, and renewed fears over stability in the Middle East.

Ethereum Leads Selloff Amid $701M Market Liquidation

According to data from CoinGlass, total crypto market liquidations exceeded $701 million, with $618 million consisting of long positions. In the last 24 hours, Ethereum saw $296 million in liquidations, including $269 million in longs—making it the hardest-hit asset among the top 20 coins.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

thereum fell by 7.4% to $2,260, while Cardano dropped 7.1%. Bitcoin, by contrast, remained relatively stable, down 1.4% at $102,418. Overall, the global crypto market cap fell by 4.4%, reaching $3.25 trillion, according to CoinGecko.

Prediction Markets Turn Bearish on Ethereum and Iran Tensions

On decentralized prediction platform Myriad, user sentiment shifted sharply bearish on Ethereum, with over 70% expecting it to drop below $2,000 by year’s end.

Meanwhile, on Polymarket, odds that Iran will close the Strait of Hormuz before July jumped to 46%, up from just 9% a day earlier. The probability of closure by year-end reached 57%. However, the chance of the United States formally declaring war on Iran remained low at 2%.

The strikes were carried out using B-2 bombers and submarine-launched Tomahawk missiles, targeting enrichment facilities in Fordo, Natanz, and Isfahan. In a national address, President Trump warned that “any retaliation by Iran will be met with force far greater than what was witnessed tonight.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Crypto Bloodbath: U.S.-Iran Conflict Triggers $701M Liquidations appeared first on Coin Engineer.